Research conducted by Price Fishback, APS Professor of Economics in the Eller College of Management, was referenced in a June 8 Wall Street Journal article about how the Supreme Court can reshape your finances.
The article specifically mentions how the Supreme Court’s ruling on President Biden’s student-loan cancellation program will have a direct impact on people’s monthly budgets. If passed, the bill will wipe up to $20,000 in debt from borrowers’ balances. If not, it will remain in place and will resume later in the summer after a three-year pause.
The article also touches on the Fair Labor Standards act—signed by Theodore Roosevelt—which established federal minimum wage. The new minimum wage covered about 11 million workers, which Fishback calculated to be about half of those employed in the private sector at the time in a 2021 paper.
Fishback joined the Eller College of Management as associate professor in 1990 after teaching at the University of Georgia. He was appointed the Thomas R. Brown Professor of Economics in 2010. He earned his PhD in Economics from the University of Washington in 1983. His research area of interest is the political economy of Roosevelt’s New Deal during the 1930s, examining both the determinants of New Deal spending and loans and their impact on local economies throughout the U.S. He also works on state labor legislation during the Progressive Era, the American Economy during World War II and changes in agriculture in response to climate, government policy and technology. Fishback is also a research affiliate at the Centre for Economic History at Australian National University, a CAGE Fellow at Warwick University, a program scholar for the Hoover Program on Regulation and the Rule of Law, a fellow at the TIAA-CREF Institute and a research associate at the National Bureau of Economic Research.